MIRA INFORM REPORT
|
Report Date : |
05.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
GEA ECOFLEX INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A-31/32, Nighoje, Chakan, Pune – 410501, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2010 |
|
|
|
|
Date of
Incorporation : |
24.03.2005 |
|
|
|
|
Com. Reg. No.: |
11-140270 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.109 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129PN2005PTC140270 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Plate Heat Exchanger (PHE). |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a subsidiary of GEA Ecoflex GmbH. It is an established company having moderate track record. Management of the company has filed its financials, up till 31st
December 2011 however, the financials up to December 2010 could be made
available from the government department. Management also remain non co-operative. As per the available financials of December 2010, the reserves of the
company seems decent. As per registrar of companies the status of the company is shown as
active. Payments terms are unknown. The company can be considered for business dealings with great
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Ketan Acharya |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-22-2764205 |
|
Date : |
02.04.2014 |
LOCATIONS
|
Registered Office : |
Plot No. A-31/32, Nighoje, Chakan, Pune – 410501, Maharashtra, India |
|
Tel. No.: |
91-22-27642025/ 28 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
R 493, MIDC, TTC Industrial Area, Rabale Navi Mumbai – 400701, |
|
Tel. No.: |
91-22-27642025/28/29 |
|
Fax No.: |
91-22-27693797/65138007/5/27693821 |
DIRECTORS
As on 30.06.2012
|
Name : |
Mr. Virendra Jhamb |
|
Designation : |
Director |
|
Address : |
6-D, Juniper Eden Woods, Off. |
|
Date of Birth/Age : |
23.03.1965 |
|
Qualification : |
B.E. Mechanical, M.
Tech |
|
Date of Appointment : |
24.03.2005 |
|
DIN No.: |
01914151 |
|
|
|
|
Name : |
Mr. Klaus Peter Gloeckner |
|
Designation : |
Director |
|
Address : |
Gehaegestr. 20C, Hanover, Germany-30655 |
|
Date of Birth/Age : |
22.04.1967 |
|
Date of Appointment : |
24.03.2005 |
|
DIN No.: |
00878600 |
|
|
|
|
Name : |
Mr. Volker Brock Guenthev |
|
Designation : |
Director |
|
Address : |
AM Potthof 17, Laatzen-30880 |
|
Date of Birth/Age : |
24.09.1968 |
|
Date of Appointment : |
16.10.2009 |
|
DIN No.: |
02863103 |
|
|
|
|
Name : |
Mr. Mik Jorn Hansen |
|
Designation : |
Director |
|
Address : |
14 Jalan, Jambu Ayer, Singapore-588776 |
|
Date of Birth/Age : |
14.08.1958 |
|
Date of Appointment : |
24.03.2005 |
|
DIN No.: |
01994621 |
KEY EXECUTIVES
|
Name : |
Mr. Ketan Acharya |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Gea Ecoflex GmbH, Germany |
|
10700 |
|
Mik Jorn Hansen |
|
100 |
|
Virendra Vedprakash Jhamb |
|
100 |
|
Total |
|
10900 |
As on 30.06.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
98.00 |
|
Directors or relatives of Directors |
2.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plate Heat Exchanger (PHE). |
PRODUCTION STATUS As on 31.12.2010
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Plate Heat Exchange** |
Nos |
3000 |
2539 |
|
Components of Plate Heat Exchange |
Nos |
-- |
99929 |
Note:
* As certified by the management
** The company manufactures plate heat
exchangers of various sizes. However, the installed capacity has been
calculated based on a single representative model of plate heat exchanger.
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|||||||||||||||
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|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai
-400018, Maharashtra, India. |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679100 |
|
PAN No.: |
AACFD4815A |
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Holding Company:
|
|
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Subsidiary
Company: |
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|
Ultimate Holding
Company : |
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|
Fellow
Subsidiaries : |
|
CAPITAL STRUCTURE
As on 30.06.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10900 |
Equity Shares |
Rs.10/- each |
Rs. 0.109
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.109 |
0.109 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
27.675 |
|
|
3] Reserves & Surplus |
376.680 |
296.232 |
156.767 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
376.789 |
296.341 |
184.542 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.955 |
0.513 |
0.000 |
|
|
2] Unsecured Loans |
16.855 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
18.810 |
0.513 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
10.028 |
6.679 |
3.826 |
|
|
|
|
|
|
|
|
TOTAL |
405.627 |
303.533 |
188.368 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
369.347 |
185.846 |
178.391 |
|
|
Capital work-in-progress |
3.500 |
110.718 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
12.186 |
12.186 |
12.186 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
362.190
|
362.377
|
430.678
|
|
|
Sundry Debtors |
553.425
|
545.678
|
164.093
|
|
|
Cash & Bank Balances |
20.029
|
55.419
|
92.317
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
80.194
|
67.789
|
131.875
|
|
Total
Current Assets |
1015.838
|
1031.263 |
818.963 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
869.732
|
931.553
|
639.477
|
|
|
Other Current Liabilities |
57.688
|
56.244
|
162.097
|
|
|
Provisions |
67.824
|
48.683
|
19.598
|
|
Total
Current Liabilities |
995.244
|
1036.480 |
821.172 |
|
|
Net Current Assets |
20.594
|
(5.217)
|
(2.209)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
405.627 |
303.533 |
188.368 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
1064.658 |
1001.166 |
|
|
|
|
|
154.247 |
553.637 |
|
|
|
|
Service Charges |
8.589 |
25.576 |
NA |
|
|
|
Other Income |
39.077 |
37.460 |
|
|
|
|
TOTAL (A) |
1266.571 |
1617.839 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Traded Goods |
119.862 |
502.056 |
|
|
|
|
Raw Material and Components Consumed |
766.213 |
724.879 |
|
|
|
|
Subcontract Charges |
42.799 |
60.492 |
|
|
|
|
Employees Remuneration and Benefits |
53.499 |
27.804 |
NA |
|
|
|
Operating and Other Expenses |
165.845 |
141.177 |
|
|
|
|
Increase/ Decrease in Stock |
17.819 |
(23.428) |
|
|
|
|
Recovery Expenses |
(35.200) |
0.000 |
|
|
|
|
TOTAL (B) |
1130.837 |
1432.980 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
135.734 |
184.859 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.747 |
2.045 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
132.987 |
182.814 |
110.343 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.085 |
10.574 |
5.891 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
120.902 |
172.240 |
104.452 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
42.128 |
60.441 |
39.516 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
78.774 |
111.799 |
64.936 |
|
|
|
|
|
|
|
|
|
|
Excess Provision
for tax in respect of earlier year |
1.674 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
266.566 |
154.767 |
89.831 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
347.014 |
266.566 |
154.767 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
60.694 |
63.771 |
69.222 |
|
|
|
Service Charges |
3.547 |
20.693 |
10.176 |
|
|
TOTAL EARNINGS |
64.241 |
84.464 |
79.398 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
528.720 |
494.070 |
476.952 |
|
|
|
Trading Goods |
38.452 |
497.568 |
30.268 |
|
|
|
Capital Goods |
0.000 |
2.990 |
19.271 |
|
|
TOTAL IMPORTS |
567.172 |
994.628 |
526.491 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
7.38 |
10.97 |
NA |
|
|
|
Diluted |
7.38 |
10.26 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
PAT / Total Income |
(%) |
6.22
|
6.91 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.36
|
17.20 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.73
|
14.15
|
10.47
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.58
|
0.57
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.05
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02
|
0.99
|
0.99
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2008 |
31.12.2009 |
31.12.2010 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.100 |
0.109 |
0.109 |
|
Reserves & Surplus |
156.767 |
296.232 |
376.680 |
|
Share Application money
pending allotment |
27.675 |
0.000 |
0.000 |
|
Net
worth |
184.542 |
296.341 |
376.789 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.513 |
1.955 |
|
Unsecured Loans |
0.000 |
0.000 |
16.855 |
|
Total
borrowings |
0.000 |
0.513 |
18.810 |
|
Debt/Equity
ratio |
0.000 |
0.002 |
0.050 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.12.2009 |
31.12.2010 |
|
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
|
1001.166 |
1064.658 |
|
|
|
|
6.342 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.12.2009 |
31.12.2010 |
|
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
|
1001.166 |
1064.658 |
|
Profit |
|
111.799 |
78.774 |
|
|
|
11.17% |
7.40% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG-TERM DEBT: NOT AVAILABLE
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office of the company has been shifted from R-493, MIDC TTC Industrial Area, Navi Mumbai – 400701, Maharashtra, India to present address w.e.f. 27.06.2011
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As
on 31.12.2010 |
As
on 31.12.2009 |
|
|
|
|
|
Bank Overdraft Facility |
16.855 |
0.000 |
|
Total |
16.855 |
0.000 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Building
- Plant and Machinery
- Furniture and Fittings
- Office Equipment
- Computers
- Leasehold Improvement
- Vehicle
- Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
|
1 |
Rs.100.47 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.